factual

How many counterparts can the Azal Coffee EFT Authorization be executed in?

Azal_Coffee Franchise · 2024 FDD

Answer from 2024 FDD Document

This EFT Authorization may be executed in any number of counterparts each of which when so executed shall be an original, but all of which together shall constitute one (1) and the same instrument. This EFT Authorization may be executed on signature pages exchanged by electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. Copies of executed counterparts transmitted by such electronic transmission service shall be considered original executed counterparts for purposes of this EFT Authorization.

Source: Item 22 — CONTRACTS (FDD page 51)

What This Means (2024 FDD)

According to Azal Coffee's 2024 Franchise Disclosure Document, the Electronic Funds Transfer (EFT) Authorization may be executed in any number of counterparts. Each executed counterpart is considered an original, and all counterparts together constitute a single instrument. This allows for flexibility in the signing process, especially when parties are geographically separated.

Azal Coffee allows for the use of electronic signatures and transmission methods, such as PDF via email or other electronic signature methods complying with the U.S. federal ESIGN Act of 2000 (e.g., www.docusign.com). This means that franchisees and the franchisor do not necessarily need to physically sign the same document; they can sign separate copies and exchange them electronically. These electronically transmitted copies are considered original executed counterparts for the purposes of the EFT Authorization.

This approach streamlines the authorization process, making it more efficient and convenient for all parties involved. Franchisees can quickly complete and return the necessary paperwork without the delays associated with traditional mail or in-person signing. This is a common practice in modern franchising to expedite legal and financial processes.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.